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Jan 29, 2013
01/13
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we were bringing in 80 billion, from taxing the rich. the new spending almost cancels out the deficit reduction of taxing the rich. you end up with zero-sum game. spend more, tax more, end up with the same deficit that we had before. you have to ask, are we really serious about controlling our spending and cutting our debt? they haven't. martha: now, stuart, the people, the republicans who were ends guess passing this bill when it came up a few weeks back got a lot of heat. charles schumer and others came out said, it was unfeeling, insensitive to the victims it of hurricane sandy. which on the face of it you can understand but weren't they actually saying, you know, we want to make sure there are commensurate cuts to pay for this bill, right? >> yes. in two respects here. number one, the pork that was in the original bill, most of it was taken out for the current bill. secondly, the republicans proposed an across the board, very small cut in spending by different federal an sis. that was completely rejected. so the spending cut to offse
we were bringing in 80 billion, from taxing the rich. the new spending almost cancels out the deficit reduction of taxing the rich. you end up with zero-sum game. spend more, tax more, end up with the same deficit that we had before. you have to ask, are we really serious about controlling our spending and cutting our debt? they haven't. martha: now, stuart, the people, the republicans who were ends guess passing this bill when it came up a few weeks back got a lot of heat. charles schumer and...
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Dec 4, 2013
12/13
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your new plan is going to tax me. i need to buy another truck and build the company and i am getting taxed more and more. >> i don't want to punish your success, put i want to make sure everybody who is behind you has a chance like that, too. everybody is so pinch that business is bad for everybody. when you spread the wealth, it is good for everybody. >> and that is fine from a political point of view as the president talked about rich people like mitt romney and he used his opponent and john mccain's family and talked about shouldn't rich people like romney be compelled to give more to help those who are not as lucky. middle class, ordinary, regular folks, not even buying plumbing companies, but trying to make ends meet to pay for their own health insurance are being thrown out plans and if they can fight themselves through the website, they can find plans they can't afford. >> just about out of time. but your column today is beautiful and dark in that it discusses your dad and politics today. tell us about that. i
your new plan is going to tax me. i need to buy another truck and build the company and i am getting taxed more and more. >> i don't want to punish your success, put i want to make sure everybody who is behind you has a chance like that, too. everybody is so pinch that business is bad for everybody. when you spread the wealth, it is good for everybody. >> and that is fine from a political point of view as the president talked about rich people like mitt romney and he used his...
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Feb 19, 2013
02/13
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rates, higher tax rates, tax changes. look, i think, what alan simpson says is true in the broadest sense. if the president doesn't deal with medicare reform, doesn't deal with entitlements, you know, i think he will have a failed presidency. i don't think that is too strong a thing to say. what people in washington and people in the press corps has missed, jay carney, very quietly ten days ago in one of the white house press briefings basically took off the table the idea that we would raise the eligibility age for medicare that is huge thing to take off the table. one of the things discussed in the context of a grand bargain in 2011, if that's gone and democrats in congress are still resistant to these kind of structural reforms of entitlement programs i don't think we'll see anything. that is huge problem for the country and huge problem in terms of our debt. bill: from the perspective in new york, seems folks in washington are running for cover. i don't know if simpson and bowles came out to provide the cover they nee
rates, higher tax rates, tax changes. look, i think, what alan simpson says is true in the broadest sense. if the president doesn't deal with medicare reform, doesn't deal with entitlements, you know, i think he will have a failed presidency. i don't think that is too strong a thing to say. what people in washington and people in the press corps has missed, jay carney, very quietly ten days ago in one of the white house press briefings basically took off the table the idea that we would raise...
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Apr 9, 2013
04/13
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if you pile on these new tax increases on top of tax increases we already saw on the january the 1st. it is heavily skewed towards tax increases rather than spending cuts but it is just proposals. we get the details tomorrow. gregg: stuart varney, thanks very much. >> gregg. martha: coming up in the next hour we will talk to a top republican senator who says that there are encouraging parts he sees in the president's budget which will be rolled out on wednesday. we'll talk to south carolina senator lindsey graham will be with us. we'll ask what the so-called nuggets are in the president's budget that got his attention. >>> family members of victims of the sandy hook school massacre are in washington today. they will speak to lawmakers to try to get support for the measures that would tighten gun laws in this country. the white house inviting them to fly to washington back from connecticut with the president. you can see him standing on the staircase there for air force one. the point was that they could join him to go to washington and try to get that attention on capitol hill for th
if you pile on these new tax increases on top of tax increases we already saw on the january the 1st. it is heavily skewed towards tax increases rather than spending cuts but it is just proposals. we get the details tomorrow. gregg: stuart varney, thanks very much. >> gregg. martha: coming up in the next hour we will talk to a top republican senator who says that there are encouraging parts he sees in the president's budget which will be rolled out on wednesday. we'll talk to south...
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Apr 5, 2013
04/13
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on the other hand they tax. they put massive regulations and mandates like health care, dodd-frank, you name it. i think that's the problem. there is a degree of incompetence. i don't think that is political statement. martha: is that getting through to anybody around the table at white house, saying you know what twice? maybe we need to rethink this because it is not working? >> i don't believe what i said is idealogical. the obama administration from economic standpoint is very idealogical. they're talking about, when you base a whole campaign on class warfare, leveling the playing field, doing whatever government could do to do that stuff, then you will get a schizophrenic policy, economic policy which says, it is good to raise taxes on people making 400,000 a year. guess what, that hit as lot of small businesses. it is good to have a health care mandate. >> it hits little people. class warfare, hits little people because these are ones employed and middle size businesses. >> hit with taxes. martha: the playi
on the other hand they tax. they put massive regulations and mandates like health care, dodd-frank, you name it. i think that's the problem. there is a degree of incompetence. i don't think that is political statement. martha: is that getting through to anybody around the table at white house, saying you know what twice? maybe we need to rethink this because it is not working? >> i don't believe what i said is idealogical. the obama administration from economic standpoint is very...
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Jun 28, 2013
06/13
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connecticut is considering a 50% tax on ammunition and maryland is look at a 25% tax on ammunition. the federal government looking to add a tax to gun purchases and they will use that money to finance prevention program. >> there is a price in our society to pay for that. i don't think it many unfair to link those things with prevention programs that can help reduce the cost to society on the other end. i think it' very fair. >> reporter: critics say guns and ammunition are already takd and this an assault on the second amendment. they say the taxes also up fringe on interstate commerce. bill: in a moment there is yet another scandal rocking the military. details on the former high-ranking general at the center of a significant leak investigation. martha: a live look at the zimmerman trial where we just heard a 911 call from the night of the every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other
connecticut is considering a 50% tax on ammunition and maryland is look at a 25% tax on ammunition. the federal government looking to add a tax to gun purchases and they will use that money to finance prevention program. >> there is a price in our society to pay for that. i don't think it many unfair to link those things with prevention programs that can help reduce the cost to society on the other end. i think it' very fair. >> reporter: critics say guns and ammunition are already...
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Jan 15, 2013
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if we can implement this plan with the consumption-based tax and zeroing out the income taxes we will have the best economy in the southeast which will give us many years of prosperity and job growth. bill: thank you for your time. your unemployment rate has been over 9% for far too long. we'll see how it goes in north carolina. other efforts underway, north carolina i mentioned. kansas, oklahoma with me now charles payne from the fox business network. do you like his idea? >> i do like his idea. there are a few other things by the way that weren't mentioned i. think something that is really critical is the overall country has been in a bunker men taplt whic mentality. which is natural. we need to get into a progrowth mentality. states that exist only to feed into the welfare society that removes the needle, that's why our gdp hasn't moved. these are gdp policies. businesses hire more people, invest in plants, it encourages work. right now we have a scenario where work is sort of discouraged and moving up in the workforce is discouraged. if you make less than $50,000 you almost would
if we can implement this plan with the consumption-based tax and zeroing out the income taxes we will have the best economy in the southeast which will give us many years of prosperity and job growth. bill: thank you for your time. your unemployment rate has been over 9% for far too long. we'll see how it goes in north carolina. other efforts underway, north carolina i mentioned. kansas, oklahoma with me now charles payne from the fox business network. do you like his idea? >> i do like...
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Mar 13, 2013
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their own taxes. and you're about to find out who the biggest offenders are. ♪ so i'm the tax man, yeah, i'm the tax man. should 5% appear to small ... ♪ ♪ the vegetables do. at green giant, we pk vegetables only when they're perfect. then freeze them fast so they're are as nutritious as fresh. [ green giant ] ho ho ho. ♪ green giant [ green giant ] ho ho ho. michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. now you can save up to 50% during priceline's spring hotel sale use promo code spring for additional savings on all express deals, including pet friendly hotels. express deals. priceline savings without the bidding. bill: so there are allegations now, new allegations of wasteful spending in the hidden -- hidden in the continuing resolution being debated in the senate right now. senators john mccain and tom coburn yesterday
their own taxes. and you're about to find out who the biggest offenders are. ♪ so i'm the tax man, yeah, i'm the tax man. should 5% appear to small ... ♪ ♪ the vegetables do. at green giant, we pk vegetables only when they're perfect. then freeze them fast so they're are as nutritious as fresh. [ green giant ] ho ho ho. ♪ green giant [ green giant ] ho ho ho. michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and...
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Mar 19, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. martha: we are following a very disturbing breaking news development out of syria this morning. and we are going to bring you all of the latest on that today. we also want to tell you about a very tragic event that happened today in hawthorne, nevada. it was a deadly explosion that happened during a training exercise. this is new information that we're getting on this. it happened at an army ammunition depot in western nevada, sadly, tragically, seven u.s. marines lost their
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things...
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Nov 11, 2013
11/13
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why not go to a national sales tax or flat tax. you could get rid of half of the irs agents and it would do a lot for the economy. >> you have done lot of work on this. and leslie, why do you think that the american people are so tolerant it would appear of this stuff? why doesn't it come up? why don't people say you know what? get a handle on this? it is a mess. >> it is interesting because left or right when you talk about spending you don't see irs on there. i liken the irs to the police. they pull up behind you and you know you did nothing wrong but your heart skips a beat when you get the letter. if an individual files for bankruptcy everything is wiped off except for the irs. what the irs needs is to have an audit of its self. i am offended that the irs comes back at people like myself and my husband to get more money when millions of people are not paying. >> leslie, the irs isn't just a tax collection agency. that is the whole point. 1/3rd of the people are getting checks back from the government. it is dispenser of cash. i
why not go to a national sales tax or flat tax. you could get rid of half of the irs agents and it would do a lot for the economy. >> you have done lot of work on this. and leslie, why do you think that the american people are so tolerant it would appear of this stuff? why doesn't it come up? why don't people say you know what? get a handle on this? it is a mess. >> it is interesting because left or right when you talk about spending you don't see irs on there. i liken the irs to...
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Feb 25, 2013
02/13
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bill: are they waiting for the tax breaks are they going to get them? >> reporter: they're filing for them. many productions are getting them. once they roll the credits at the end of a movie, they should also roll the tax credits these movies are getting. the issue the federal government has given hollywood $430 million in tax breaks. bill: a little script at end of each movie, thank you to the people of pennsylvania for $6.2 million in the filming production of this movie. if you're like a mayor in wilmington, north carolina, or savannah, georgia, where a lot of films are made, they want movies to come to their town so they get the publicity for tourism. >> reporter: yeah, that's right. in fact 40 or 45 states are offering tax breaks to movie productions to get them into their town. i think you're right for the publicity, for the image. but states say they create jobs. governor jerry brown says hollywood created nearly 200,000 jobs for the state. but you know what? for these other movies and productions out of state and in other states, states like mi
bill: are they waiting for the tax breaks are they going to get them? >> reporter: they're filing for them. many productions are getting them. once they roll the credits at the end of a movie, they should also roll the tax credits these movies are getting. the issue the federal government has given hollywood $430 million in tax breaks. bill: a little script at end of each movie, thank you to the people of pennsylvania for $6.2 million in the filming production of this movie. if you're...
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Mar 6, 2013
03/13
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they are saying he wants to raise taxes, he's not even talking about raising taxes, he's talking about closing loopholes. martha: we already got the tax hikes, that's been done pw-r. t*eurbg. >> you do expect a little more from any president. this is the executive. he's supposed to take an active role. he's supposed to ral hraoet country behind his program not take a passive position. martha: he he invited all the members of congress in and wants to talk to them alan said. >> this is a little late. >> a little a little? >> right. it happened five days ago, sequestration. >> he was come forth time and time again with plans that are rejected where. is john boehner's plan. >> i totally get that. martha: the houses put two plans for the already. >> john boehner says let the senate and white house take care of it. martha: john boehner said we have put through two budgets we have to tput put a third through. >> i don't see what boehner is doing right now. the president is proactive lee saying i want to get together. martha: i'm sorry that doesn't make any sense. >> i think the president coul
they are saying he wants to raise taxes, he's not even talking about raising taxes, he's talking about closing loopholes. martha: we already got the tax hikes, that's been done pw-r. t*eurbg. >> you do expect a little more from any president. this is the executive. he's supposed to take an active role. he's supposed to ral hraoet country behind his program not take a passive position. martha: he he invited all the members of congress in and wants to talk to them alan said. >> this...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. martha: president obama stepping up his push to overhaul gun control laws in this country with a campaign-style trip that he kicks off today. he will northbound minnesota talking about this. he is expected to call for universal background checks as well as a ban on assault weapons. former congresswoman gabrielle giffords' husband captain mark kelly says this assault weapons serve only one purpose. watch. >> i spent 25 years in the military. i know the value of having an assault weapon, and it's to kill a lot of people very quickly. i think they are way too readily available. i think in time we will be able to address those issues. martha: interesting comments there from him on "fox new
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. martha: president obama stepping up his push to overhaul gun control laws in this country with a campaign-style trip that he kicks off today. he will northbound...
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Jul 31, 2013
07/13
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not about tax reform. and about tax cuts. it is about tax increases and there's a reason for that. bill: all right, let's get to that then. what's at work here? you have a whiteboard. explain how you see it. >> what is at work here is that in 2011 there was a budget agreement and it set amounts for discretionary spending by year. this year's budget cap for discretionary spend something two, excuse me, $967 billion. the president obama and the senate democrats want to spend in the coming fiscal year that starts october 1, $1,058,000,000,000. that is above the cap that the president agreed to in the 2011 budget agreement. the president wants a trillion dollars roughly in new tax revenues in the next 10 years in order to pay for $91 billion this year and making that into the cake, putting in baseline of the budget and putting in the next decade. he will say to republicans i will say tax reform but i really mean tax increase. rather than applying that to the debt i want you to give me more spending. there is n
not about tax reform. and about tax cuts. it is about tax increases and there's a reason for that. bill: all right, let's get to that then. what's at work here? you have a whiteboard. explain how you see it. >> what is at work here is that in 2011 there was a budget agreement and it set amounts for discretionary spending by year. this year's budget cap for discretionary spend something two, excuse me, $967 billion. the president obama and the senate democrats want to spend in the coming...
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Mar 14, 2013
03/13
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they pay their tax dollars. folks being supported by those tax dollars and their salaries are not doing the same thing. >> but, martha, here's the point, we actually can garnish their wages. do garnish their wage. >> do we? >> we garnish them to the tune of 15%. whereas other companies garnishing the wages of their employees can only garnish only 10%. it is federal contractors we have no hook in. but the federal contractors continue to get the federal contracts and don't pay the past income taxes of the those should be the priority. we have a remedy for other federal employees. martha: i hear you. we want to shed some light in it dark corner to make sure this doesn't happen again. you made a great point a few minutes ago, that the agencies wanted a way to allow the contractors to basically get away with it. how do you crack down on the agencies them service to make sure they can't get away with that through this bill i guess? >> exactly right. through the bill they have to come to congress if they want a waiver.
they pay their tax dollars. folks being supported by those tax dollars and their salaries are not doing the same thing. >> but, martha, here's the point, we actually can garnish their wages. do garnish their wage. >> do we? >> we garnish them to the tune of 15%. whereas other companies garnishing the wages of their employees can only garnish only 10%. it is federal contractors we have no hook in. but the federal contractors continue to get the federal contracts and don't pay...
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Feb 20, 2013
02/13
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tax rates. that was the initial thing that, you know, the country was told needed to happen if the president was going to get the balance that he was seeinging. now he is coming back to republicans and saying, you know that he believes that rich people, and the well-connected, let's play this spot. they need to pay more. we will play the sound bite from yesterday. >> i'm willing to save hundreds of billions of dollars by enacting comprehensive tax reform that gets rid of loopholes and tax deductions for the well-off and well-connected without raising tax rates. martha: what do you think about that, sir? >> first of all, martha, what the president does every time he constantly moves the goalpost. he said he wanted higher rates. he got them. but that wasn't enough. we got to understand when the president is talking about comprehensive tax reform some of the things he is talking about in there, he is talking about doing away with charitable deductions which could be a part of that. part of it could
tax rates. that was the initial thing that, you know, the country was told needed to happen if the president was going to get the balance that he was seeinging. now he is coming back to republicans and saying, you know that he believes that rich people, and the well-connected, let's play this spot. they need to pay more. we will play the sound bite from yesterday. >> i'm willing to save hundreds of billions of dollars by enacting comprehensive tax reform that gets rid of loopholes and tax...
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Feb 15, 2013
02/13
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look the president doesn't want to cut anymore taxes. he wants to raise taxes. he knows he will not get them. republicans want to go through see questions operation was his -- sequestration, which was his idea to begin with. i don't see how he will get any of his wish-list. historically the presidents never get the state of the union wish-list. bill: that is true. this appears it is not going anywhere. when you listen to the hard-line of the republicans in the house when it comes to raising new taxes the senate put out a plan and floated anyway in the democratic senate to raise taxes on those making more than a million dollars a year. >> right. bill: do any of those ideas get any traction, do you believe? >> no, i don't think any of them will. i'll put it to you this way. republicans will be happy to spend and as will democrats but do it through deficit spending. should not race the deficit. that is not reality if. they spend anything it will go up and add to the national debt. neither has will power to make significant cuts. speaker says he doesn't want to do s
look the president doesn't want to cut anymore taxes. he wants to raise taxes. he knows he will not get them. republicans want to go through see questions operation was his -- sequestration, which was his idea to begin with. i don't see how he will get any of his wish-list. historically the presidents never get the state of the union wish-list. bill: that is true. this appears it is not going anywhere. when you listen to the hard-line of the republicans in the house when it comes to raising new...
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Jan 8, 2013
01/13
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they're doing tax reform that increases overall tax burden. if we do tax reform that is revenue neutral or actually lowers rates and lowers the overall burden, tax reform that is conducive to economic growth we're all for it. what democrats want. they just got a tax increase last week and they didn't cut any spending in that deal. now they want additional taxes and they won't cut any spending, in fact the president said, don't even debate the debt ceiling. just give me more borrowing authority. let me have more revenue so i can continue to spend. that will not solve the problem. we have $16 trillion debt. we will have to cut spending. bill: are you in agreement with mitch mcconnell this weekend when he said taxes are off the table? we resolved this issue. we have, sorry, we don't have this problem because we tax too little. we have it because we spend way too much. >> no. he is exactly -- remember the last debt ceiling agreement 16 months ago. two days after the law passed we got downgraded on our credit rating. a week after the bill had passe
they're doing tax reform that increases overall tax burden. if we do tax reform that is revenue neutral or actually lowers rates and lowers the overall burden, tax reform that is conducive to economic growth we're all for it. what democrats want. they just got a tax increase last week and they didn't cut any spending in that deal. now they want additional taxes and they won't cut any spending, in fact the president said, don't even debate the debt ceiling. just give me more borrowing authority....
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Mar 12, 2013
03/13
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it would substantially lower tax rates for individuals by establishing just two tax brackets, 10% and 25%. it also assumes the repeal of the president's signature legislation obama care. the budget calls for welfare and food stamp reform including the reinstating of welfare programs work requirements and will provide more than $560 billion for defense spending over the next fiscal year. maryland congressman chris val van holland with me now. welcome back to "america's newsroom." 4.6trillion in deficit reduction over ten years, that's the headline. what is wrong with that? >> there is nothing wrong with deficit reduction. the issue is how you achieve it and making sure you achieve it in a way that doesn't harm the very fragile recovery right now. we will also reduce deficits so that they are not growing any faster than the economy. we will stabilize the debt, but we will not do it in a way that guts our investment or our kids' education and violates the commitments we have made to seniors, whether in medicare or medicaid. it's a question of whether you take a balanced approach, which i
it would substantially lower tax rates for individuals by establishing just two tax brackets, 10% and 25%. it also assumes the repeal of the president's signature legislation obama care. the budget calls for welfare and food stamp reform including the reinstating of welfare programs work requirements and will provide more than $560 billion for defense spending over the next fiscal year. maryland congressman chris val van holland with me now. welcome back to "america's newsroom."...
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Feb 12, 2013
02/13
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it got him reelected, these ideas about taxing oil companies and the rich more. but there is another question that has to do with reports of fraud and waste in the existing spending programs. the president's always said he would go after them with a scalpel to make sure the waste is gone. is that happening? >> reporter: the free cell phone system, the lifeline program. 6 million people get three cell phones from the government. 42% of the people who got the phones could not justify their eligibility. the broadband opportunities program, $4 billion. part of it's been halted because internet service supposed to go to some rural areas have not gone to the right places or the right people. number three, state authorities are beginning to question the return on a college investment as college tuition costs skyrocket and student debt explodes to over a trillion dollars. the authorities are questioning what do we get it of college education just as the president wants to spend even more on education. martha: anybody listening to this would say does anybody check on thes
it got him reelected, these ideas about taxing oil companies and the rich more. but there is another question that has to do with reports of fraud and waste in the existing spending programs. the president's always said he would go after them with a scalpel to make sure the waste is gone. is that happening? >> reporter: the free cell phone system, the lifeline program. 6 million people get three cell phones from the government. 42% of the people who got the phones could not justify their...
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Mar 8, 2013
03/13
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>> our pitch is no taxes, if you're a small business, llc, sub-s, zero income taxes. overall tax rate down and we think we're the best place in the country to grow a business, raise a family. a lot of people, tax refugees are looking for different places to go. come to kansas. bill: you sound like rick perry. he went to california to say come to texas because we want you too. really you are, the governors are competing for america's business in that sense? >> we are competing and the key to it you have to hold your own costs down in your state because we have to balance a budget each year. you can't deficit spend. you can't print money yet. i'm not asking to print money but we're saying come to our state and we've got a good place to do business, raise your family and have a great american experience. bill: specifically what do you want to do on state income tax be? >> get it to zero. the whole thing. right now we don't have the whole system there. if you're an llc or sub-s, pass-through income is at zero now. we have overall rate 4.9. a plan in front of the legislatu
>> our pitch is no taxes, if you're a small business, llc, sub-s, zero income taxes. overall tax rate down and we think we're the best place in the country to grow a business, raise a family. a lot of people, tax refugees are looking for different places to go. come to kansas. bill: you sound like rick perry. he went to california to say come to texas because we want you too. really you are, the governors are competing for america's business in that sense? >> we are competing and...
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Feb 27, 2013
02/13
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. >> is it really tax rate hike or doing away with the bush tax cuts for the top 2%? are we looking at another hike or closing loopholes? martha: people across the board are paying more in taxes we know that. >> is it really a hike or really honoring a sunset agreement that happened years ago. martha: ask anybody who has a paycheck. >> perception is reality. martha: per seem is reality. less money your wallet. >> reality is reality. if you wind up paying more to the irs in april, that is tax hike. the question is what is the purpose of this? again there is no economist i think in the world who would look at the president's proposal say this is going to balance the federal budget because it is just not. it is not about. it is about crushing one end in order to make it a more level playing field. if you're for that celebrate it. don't pretend it is economic. >> the president says, republicans are saying we want to see spending cuts. we want to see real spending cuts. that's what they're saying. white house said we already gave you that. we put the spending cuts out ther
. >> is it really tax rate hike or doing away with the bush tax cuts for the top 2%? are we looking at another hike or closing loopholes? martha: people across the board are paying more in taxes we know that. >> is it really a hike or really honoring a sunset agreement that happened years ago. martha: ask anybody who has a paycheck. >> perception is reality. martha: per seem is reality. less money your wallet. >> reality is reality. if you wind up paying more to the irs...
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Apr 12, 2013
04/13
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taxes, 30%. now you're talking about less than 1% of taxpayers. what is wrong with that? >> i think there's two things. first of all you're talking about overall tax increases of about $1.1 trillion, haoupblg huge numbers. it normally equates to jobs and costs us jobs when we do it. the third thing to remember is that all these are always first steps that they do. as i mentioned doing away with the charitable deduction and the mortgage introduction it starts by him coming in and saying let's put a cap but the president continually moves the goal post. next year he'll be back and say, okay let's do away with those deductions all together. it's what he did in january when he was talking about revenue increases, he said let's raise the revenue we'll be done with that then we'll talk about spending, as soon as the ink was dry he was talking about raising more revenue. gregg: the white house is admitting that interest payments will rice from 222 billion this year to 804 billion in ten years. how is th
taxes, 30%. now you're talking about less than 1% of taxpayers. what is wrong with that? >> i think there's two things. first of all you're talking about overall tax increases of about $1.1 trillion, haoupblg huge numbers. it normally equates to jobs and costs us jobs when we do it. the third thing to remember is that all these are always first steps that they do. as i mentioned doing away with the charitable deduction and the mortgage introduction it starts by him coming in and saying...
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Apr 4, 2013
04/13
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higher taxes through probably greater taxes on the rich. obama doesn't appear inclined to buy the bowles-simpson model for the budget which is reforming the tax questioned and cutting defense and entitlements. bill: as a democrat, are you okay with that, doug? >> i'm not okay. i'm a century. democrat. i want more entitlements than monica would want, that's for sure, but i don't think what the president is proposing is practical. i think we need bipartisanship. hopefully we'll all be wrong and what he is doing with the republicans will bear fruit before the summer and the debt ceiling. bill: monica, give you the last word here, in 15 seconds what scares you the most? >> i agree, bipartisanship is old school thought according to this president. he never reached out to republicans. he never worked with them. give you a quick example in last couple months on the sequester. republicans said okay, let's work with the president on this because these cuts are arbitrary and across the board. let's make an approach that will work for all of us that a
higher taxes through probably greater taxes on the rich. obama doesn't appear inclined to buy the bowles-simpson model for the budget which is reforming the tax questioned and cutting defense and entitlements. bill: as a democrat, are you okay with that, doug? >> i'm not okay. i'm a century. democrat. i want more entitlements than monica would want, that's for sure, but i don't think what the president is proposing is practical. i think we need bipartisanship. hopefully we'll all be wrong...
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May 28, 2013
05/13
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bill: company says i don't want to be taxed 40% with the cadillac tax, what do the employers do? >> they will slash the value of the health care they give their employees and in some cases they will drop coverage completely. as we learned a lot of employers say i can pay the fine, i drop coverage. people can go into the exchange, they can shop around for what they want. we'll take away, take away the health care market place and give it a one-size-fits-all government marketplace. i'll tell you right now the one size fits all government plan will have a lot of mandates built into it. it will require them to cover hair transplants and require all kind of medical conditions. will cover a lot of things people don't necessarily want. you will replace the quasi-competitive system we have now, i admit is a mess with a one-size-fits-all government competition. i don't think people will like the results because one size fits all is not the american way. bill: we'll bring you back. there is lot more to talk about this. you talk about polling numbers, about obamacare and whether or not peop
bill: company says i don't want to be taxed 40% with the cadillac tax, what do the employers do? >> they will slash the value of the health care they give their employees and in some cases they will drop coverage completely. as we learned a lot of employers say i can pay the fine, i drop coverage. people can go into the exchange, they can shop around for what they want. we'll take away, take away the health care market place and give it a one-size-fits-all government marketplace. i'll...
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Jun 13, 2013
06/13
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does the tax man really need semiautomatic weapons training? what a top lawmaker is claiming on that today, martha? martha: and a daring rescue of two window washers. this is a job that is not for people with a fear of heights. look at that. dangling above the streets of new york when the scaffolding collapsed. >> once i had spoken to both individuals, they were all smiles. thankfully, adrenaline, of course, but no major injuries, no complaints. like the chief said, they're used to being out on the scaffolding, so they didn't have any complaints. it was just from being out there for such a long time. new honey bunches of oats greek yogurt and whole grain. here we go. honey cornflakes and chunks of greek yogurt. i'm tasting both the yogurt and the honey at the same time. i'm like digging this yogurt thing. i feel healthy. new honey bunches of oats greek. bill: fox news alert, headlines coming ott out of this briefing with director mueller. right now they're talking about the boston attacks. bob goodlatte, the republican lawmaker from virginia, w
does the tax man really need semiautomatic weapons training? what a top lawmaker is claiming on that today, martha? martha: and a daring rescue of two window washers. this is a job that is not for people with a fear of heights. look at that. dangling above the streets of new york when the scaffolding collapsed. >> once i had spoken to both individuals, they were all smiles. thankfully, adrenaline, of course, but no major injuries, no complaints. like the chief said, they're used to being...
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Jun 25, 2013
06/13
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if there is a clear political connection they should not receive the tax exempt status. so they need to go through and see who they need to take a closer look at. >> c3s cannot be politically involved. harbor. the groups that have been waiting. they said they will send a letter out to 80 or so groups. the irs is creating a 60-40 standard by penalty of perjury to get the okay. the rule is 49% to 51% for political versus non-political. the irs creating a new standard and new level of harassment. we are filing an amended complaint. martha: the inspector general. this issue came up time and time again. were progressive groups targeted and we heard zipo. why would it be after 30 days of looking into it, why would it be they were? >> there are be on the lookout list but i don't know the groups were mistreated and how far that went. all political viewpoint targeting is wrong, whether the tea party or progressive. if that was happening i encourage those groups to come forward and show people. martha: there ought to be a record of those groups within right? >> absolutely. you wou
if there is a clear political connection they should not receive the tax exempt status. so they need to go through and see who they need to take a closer look at. >> c3s cannot be politically involved. harbor. the groups that have been waiting. they said they will send a letter out to 80 or so groups. the irs is creating a 60-40 standard by penalty of perjury to get the okay. the rule is 49% to 51% for political versus non-political. the irs creating a new standard and new level of...
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Apr 2, 2013
04/13
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no way. >> i don't believe we, we should be taxed for dancing. it is like being taxed for walking. being taxed for drinking out of a drinking fountain. it is something that we as people have the right, inherent right to be able to dance. bill: who will disagree with that, right? washington state has had the th. a bill to overturn the tax is up for a vote in the state senate. martha: all right. so how about this. exorbitant salaries on the taxpayer's dime. that would be your dime. that has come out in a new watchdog report for the department of energy. and they have uncovered some rule bending to pay contractors. can you believe that? several of the salaries for these individuals reached as high as $337,000 for a public job. it is 82% higher than the market rate. that is sort of the number that they're supposed to hover near as a guide line for these jobs. finally a recent decision approved total executive salaries up to nearly $3.5 million for 10 jobs to a contract be group. john fund watches these things closely. columnist for "the national review.". good to have you with us. >> t
no way. >> i don't believe we, we should be taxed for dancing. it is like being taxed for walking. being taxed for drinking out of a drinking fountain. it is something that we as people have the right, inherent right to be able to dance. bill: who will disagree with that, right? washington state has had the th. a bill to overturn the tax is up for a vote in the state senate. martha: all right. so how about this. exorbitant salaries on the taxpayer's dime. that would be your dime. that has...
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Mar 1, 2013
03/13
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tax increases to come from president obama. so they're ahead of us over there. we're going down exactly the same road. that's where we are today. also cut entitlements? i remember the protests in the streets in france. >> they did. martha: over the retirement age and students and all of that. what impact did that have and how does all this add up for what we can expect here in the future, stuart? >> they did cut entitlement programs in some countries in europe that tried to cut to, cut the, raise the retirement age in france. that was struck down and they put it back to 60. and what does that mean for america? well, if we get a long-term entitlement reform plan in america, would get to a large, degree, a handle on our debt. what it would do to the economy over the long term, there are two sides of an opinion. some think if we do control entitlements long term that is good for the economy. others say you control entitlements over the long term, you take money out of the economy and that's bad but the fact is europe is ahead of u
tax increases to come from president obama. so they're ahead of us over there. we're going down exactly the same road. that's where we are today. also cut entitlements? i remember the protests in the streets in france. >> they did. martha: over the retirement age and students and all of that. what impact did that have and how does all this add up for what we can expect here in the future, stuart? >> they did cut entitlement programs in some countries in europe that tried to cut to,...
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Jan 24, 2013
01/13
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tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63 cents of their dollar, of every dollar they make and hand it over to the government? bill: state, county, federal. martha: so much discussion about fair share and people, people obviously, some people are outraged. he can afford it. that is not the issue. the issue is, at what point is enough, enough of any single human being's income whether they're successful or not. i mean, --. bill: that guy moved to florida he could save 13% of gross today. there is phil. watch him over the weekend. they have a big tournament out th
tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63...
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Jun 3, 2013
06/13
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tax-exempt was one of our clients. they have an internal revenue code manual, irm they don't get to freelance these kinds of questions or this kind of targeting. there is no way this could have generated in cincinnati. number two, i have letters from two offices in california and also from a tax law specialist who is handling a case out of albuquerque in washington, d.c. as well as cincinnati. we were involved with four offices in the 27 cases we've been handling. this idea it was limited to two rogue agents in the cincinnati office is factually incorrect. now the testimony is bearing that out. martha: we know the white house as late as this weekend on the sunday shows emphatically denies that any of this came from the white house. they're saying, you know, these guys went off the handle. they were rogue agents. they even scoffed, they said look, if this was political we would never make a mistake this stupid. this is not coming from us. i want to bring in catherine, who has personal experience with this as she and her
tax-exempt was one of our clients. they have an internal revenue code manual, irm they don't get to freelance these kinds of questions or this kind of targeting. there is no way this could have generated in cincinnati. number two, i have letters from two offices in california and also from a tax law specialist who is handling a case out of albuquerque in washington, d.c. as well as cincinnati. we were involved with four offices in the 27 cases we've been handling. this idea it was limited to...
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Dec 10, 2013
12/13
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there will be no tax reform. there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an extra $25.9 billion from air travelers over the next 10 years. eight billion of that would go to take care of security. 18 billion would go towards deficit reduction. but airline travelers who take the hit, bill. bill: didn't see that one coming. the president wants to extend unemployment benefits. is that a deal-maker or a deal-breaker? >> it could be a deal-breaker depending how hard the president pushes and how hard democrats push for it in the senate and in the house. at the moment, come january, 1.3 million people who are receiving unemployment benefits now will be cut off. the president wants
there will be no tax reform. there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an...
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Jun 7, 2013
06/13
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the tax agency offering apologies how they mishandled millions of dollars. can it really change their old ways and their old habits? >> i will start with mr. fink. what were you thinking? >> the fact of the matter is, is it's embarrassing and, and i apologize. for all those who sleep for all those who sleep too hot or too cool, and struggle to sleep comfortably together, now there's a solution. the company that individualized your comfort with the sleep number bed is now introducing sleep number dual temp, the revolutionary temperature-balancing layer with active air technology that works any mattress, including yours. whether you sleep hot or cool sleep number dual temp allows each of you to select your ideal temperature. so you can both sleep exactly the way you like-at your own perfect temperature. and there's only one place in the world you'll find an entire collection of temperature-balancing solutions-including the revolutionary new sleep number dual temp layer-designed to give you the soundest sleep of your life: a sleep number store near you. sleep n
the tax agency offering apologies how they mishandled millions of dollars. can it really change their old ways and their old habits? >> i will start with mr. fink. what were you thinking? >> the fact of the matter is, is it's embarrassing and, and i apologize. for all those who sleep for all those who sleep too hot or too cool, and struggle to sleep comfortably together, now there's a solution. the company that individualized your comfort with the sleep number bed is now introducing...
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Jan 18, 2013
01/13
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before the green energy companies would get tax credits. >> yes. bill: but through the stimulus law that was signed, they received money. >> oh, yes. bill: cold cash. >> called section 1603 of the american recovery and reinvestment act which is in 2009 as you mentioned. about $16 billion have been dolled out so far. 4 billion gone to the foreign companies. basically going back to a lot of them, spanish, company, spanish renewable energy company got $1.8 billion from the u.s. taxpayers to do work here in the united states. but isn't the goal here to basically spur on growth of american companies. create american jobs? sure. bill: i agree with you. that is what we thought it was for though. >> we did. bill: what that shows you this white house was dead set on pursuing a green energy policy. and they did it through a stimulus that we thought was going for something else. >> at all costs too. basically they're taking our hard-earned money at a time when we're running, about, how much trillions of dollars we're in debt right now? you're taking money to
before the green energy companies would get tax credits. >> yes. bill: but through the stimulus law that was signed, they received money. >> oh, yes. bill: cold cash. >> called section 1603 of the american recovery and reinvestment act which is in 2009 as you mentioned. about $16 billion have been dolled out so far. 4 billion gone to the foreign companies. basically going back to a lot of them, spanish, company, spanish renewable energy company got $1.8 billion from the u.s....
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Jun 26, 2013
06/13
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you will not believe the new item that your tax dollars use were used to buy. my new hearing aids instantly changed my life - i feel so much younger. my husband has his confidence back. and he can enjoy the laughter of our grandkids again. i can have fun with my friends again. feeling isolated? ready to reconnect? the aarp hearing care program provided by hearusa can help. call hearusa at ... for a free hearing check-up. plus, receive a free $50 dining card when you get your free hearing check up. aarp members receive a 20% discount on breakthrough hearing aids. call now, and you'll even get a free 3-year supply of hearing aid batteries with your hearing aid purchase- a $100 value. the aarp hearing care program provided by hearusa comes with a 100% satisfaction guarantee. call hearusa at ... and start loving life again, today. heather: the bad news just keeps on coming forth irs. the agency in hot water over its spending habits and an inspector general's report claims employees used government credit cards for purchases made for wine to porn. it shows employees
you will not believe the new item that your tax dollars use were used to buy. my new hearing aids instantly changed my life - i feel so much younger. my husband has his confidence back. and he can enjoy the laughter of our grandkids again. i can have fun with my friends again. feeling isolated? ready to reconnect? the aarp hearing care program provided by hearusa can help. call hearusa at ... for a free hearing check-up. plus, receive a free $50 dining card when you get your free hearing check...
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Jul 16, 2013
07/13
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she'll say about the tax agency targeting 500 tea party and conservative groups. plus we all want gas prices to go down. but not like this. what caused this to happen. when we come back in america many newsroom. to fight chronic osteoarthritis pain. to fight chronic low back pain. to take action. to take the next step. today, y will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can helpeduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. anti-depressants can increase these in children, teens, and young adults. cymbalta inot for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your
she'll say about the tax agency targeting 500 tea party and conservative groups. plus we all want gas prices to go down. but not like this. what caused this to happen. when we come back in america many newsroom. to fight chronic osteoarthritis pain. to fight chronic low back pain. to take action. to take the next step. today, y will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a...
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Mar 15, 2013
03/13
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in fact we balance the budget in ten years without raising taxes! [applause] how do we do this? you know it's really pretty simple. we stop spending money we don't have. >> reporter: shocker. shocker. the gridlock in washington has definitely seeped across the potomac to the convention here of cpac in maryland. they are very much aware what is going on. there is a tremendous amount of frustration with the ongoing attempt by democrats to not balance the budget. they say they will reduce the overall deficit over the course of next decade. paul ryan and others say that is totally unacceptable. ryan, running for 2016 himself, been vice-presidential nominee, that raised his profile and a lot of national attention. house members have a hard time for running for president. it puts a big target on your back. paul ryan will deal with that in next 3 1/2 years. bill: a parlor game will be played out at the convention. it is a cpac straw poll. the significance of it and explain that and who will you hear from also today still, carl. >> reporter: the straw polls are not worth very much no ma
in fact we balance the budget in ten years without raising taxes! [applause] how do we do this? you know it's really pretty simple. we stop spending money we don't have. >> reporter: shocker. shocker. the gridlock in washington has definitely seeped across the potomac to the convention here of cpac in maryland. they are very much aware what is going on. there is a tremendous amount of frustration with the ongoing attempt by democrats to not balance the budget. they say they will reduce...
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Jul 24, 2013
07/13
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it is the theme of education and training an tax changes. he says the country succeeds when everybody gets a fair shot. everybody does their fair share and everybody plays bit same rules. the way i interpret that, everybody get as fair shot at education. everybody gets fair share, increased taxes for wealthy which the president is very clear on and same rules is regulation? >> something like that, yeah. i mean it's the same theme from the very beginning. what it comes down to his approach so job creation is stimulus spending. we've had since he came into office $1.7 trillion in stimulus spending this is the largest amount of stimulus spending this country ever experienced in its history and we're 66 months into the supposed recovery and we're still down 2.2 million jobs. the stimulus, big government spending approach is not working and on top of that -- martha: mark, don't you think, obviously the president must be frustrated by these numbers. this is his job. >> sure. martha: he wants the numbers to improve. why not come out to say what see
it is the theme of education and training an tax changes. he says the country succeeds when everybody gets a fair shot. everybody does their fair share and everybody plays bit same rules. the way i interpret that, everybody get as fair shot at education. everybody gets fair share, increased taxes for wealthy which the president is very clear on and same rules is regulation? >> something like that, yeah. i mean it's the same theme from the very beginning. what it comes down to his approach...
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Mar 7, 2013
03/13
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>> oh, i think republicans want to see pro-growth tax reform, right? we think it is one of the main drivers of an economy, to lower rates, do away with loopholes. we think that's something missing right now in this economic model that we have. so, yes, it is going to take some time. i do think you're right, you know, the election cycle will start right back up next january unfortunately so i think most of us believe that the next four or five months is the most fruitful time for something to happen. but again, martha, what we want to see is real structural reforms to these entitlement programs and for the first time i do think the president spoke to that last night. at the same time, look, we come at these things with differences. we need to focus on the common areas, build upon that and do something that is great for this nation. martha: we know that in a couple of hours he will sit down for lunch with paul ryan. >> right. martha: there are more meetings scheduled with democrats and republicans on the hill next week. this is one of the main things tha
>> oh, i think republicans want to see pro-growth tax reform, right? we think it is one of the main drivers of an economy, to lower rates, do away with loopholes. we think that's something missing right now in this economic model that we have. so, yes, it is going to take some time. i do think you're right, you know, the election cycle will start right back up next january unfortunately so i think most of us believe that the next four or five months is the most fruitful time for something...
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Aug 30, 2013
08/13
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heather: tax breaks. >> they can charge any rate they want next year. heather: the administration knows cost will go up. we tried to leave it to the private sector. they failed. therefore we have to put in nationalized health care. >> a lot of people think that was the ultimate goal and deliberately set up that way. government is so bad at doing this stuff i don't know i can give them that much credit. heather: they're not that smart. >> not that smart. heather: charles payne. bill: bringing the pain. heather: he sure is, isn't he? bill: obtaining new video of of the fort hood killer nidal hasan long before he shot 13. look at this from 2007. when he said that day at the pentagon, and why it did not raise more red flags. heather: then as the white house considers its options on syria we'll have a live report on the developing story. nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new
heather: tax breaks. >> they can charge any rate they want next year. heather: the administration knows cost will go up. we tried to leave it to the private sector. they failed. therefore we have to put in nationalized health care. >> a lot of people think that was the ultimate goal and deliberately set up that way. government is so bad at doing this stuff i don't know i can give them that much credit. heather: they're not that smart. >> not that smart. heather: charles payne....
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Nov 28, 2013
11/13
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this is if a private company is engaging in some sort of evil behavior. >> it is upheld as a tax. >> you both actually agree on the point you think the supreme court will allow these companies to do what they want to do. >> right, because religious freedom wins. jamie: two hours and 50 minutes in, we will soon talk. >> hello, how are you? happy thanksgiving. a little more than two days to go until the white house looming health care. one group is now reportedly getting big box to find enrollment, success stories. how about the pizza hut employee opening on thanksgiving day because he wanted everybody to have off for the family. and some stories are already running out of the hottest holiday potential toy shortage. we will cal tell you about thatd coming up at the top of the hour. we will see you then. jamie: happy thanksgiving and happy hanukkah to you. the controversial exhibit opening at the national archives featuring treasures stolen from a jewish synagogue in iraq. now some iraqi jewish state should be returned. lauren green takes a look. reporter: the gun toting agent stole the
this is if a private company is engaging in some sort of evil behavior. >> it is upheld as a tax. >> you both actually agree on the point you think the supreme court will allow these companies to do what they want to do. >> right, because religious freedom wins. jamie: two hours and 50 minutes in, we will soon talk. >> hello, how are you? happy thanksgiving. a little more than two days to go until the white house looming health care. one group is now reportedly getting...